Corcept Therapeutics misses Q3 revenue expectations, modifies 2025 revenue forecast

Corcept Therapeutics Incorporated

04/11/2025 21:43

Overview

Corcept Q3 2025 revenue of $207.6 mln, missed analyst expectations

Net income for Q3 2025 decreased to $19.7 mln from $47.2 mln last year

Company expands oncology programs with new cancer studies

Outlook

Corcept modifies 2025 revenue guidance to $800 mln - $850 mln

Company expects to meet increasing demand with new specialty pharmacies

Corcept anticipates important clinical trial results by early next year

Result Drivers

HYPERCORTISOLISM DEMAND - Surge in demand for Korlym driven by growing recognition of hypercortisolism's prevalence, per CEO Joseph K. Belanoff

CAPACITY CONSTRAINTS - Revenue impacted by capacity constraints at previous specialty pharmacy vendor, new pharmacies added to meet demand, per CEO Joseph K. Belanoff

ONCOLOGY EXPANSION - Expanded oncology programs with new studies in various cancers, including ovarian and pancreatic, in combination with chemotherapy and immunotherapy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$207.63 mln
$218.52 mln (4 Analysts)
Q3 EPS
$0.16
Q3 Net Income
$19.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the pharmaceuticals peer group is "buy"

Wall Street's median 12-month price target for Corcept Therapeutics Inc is $137.50, about 46.1% above its November 3 closing price of $74.17

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nBw3ytnXza

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)